Swissquote vs eToro: Which One is Better for You?
Swissquote vs eToro, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Swissquote vs eToro, here is the direct comparison:
Compare | Swissquote | eToro |
General Rating |
3.46/5 |
3.87/5 |
Trustpilot |
3.7/5 rated by 150 users |
2.2/5 rated by 2 users |
💼 Regulation | ||
⌛ Established | 1996 | 2007 |
💲 Min Deposit | $1000 | $200 |
⚖ Max Leverage | 1:100 | 1:400 |
🔢 Spread | Fixed | Fixed |
💸 Commissions | ||
💡 Min Position | 0.1 lot | 0.1 lot |
💳 Payment | Credit/debit cards and Wire transfer | Credit/debit cards, Neteller, PayPal, Skrill, UnionPay, WebMoney, Wire transfer and YooMoney |
🏢 Office(s) |
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🧩 Forex Demo Account | ||
📁 Segregated Account | ||
🕋 Islamic Account | ||
👨💻 PAMM Account | ||
📈 Managed Account |
💱 Hedging | ||
🇺🇸 US traders are welcome | ||
🕛 Swaps |
🏆 Trading contests | ||
⚡ Automated trading | ||
💹 Interest rate on funds | ||
💰 Bonus offers | ||
📖 Free education |
📱 Mobile trading | ||
💻 Browser-based platform | ||
1️⃣ One-click trading | ||
⏱ Trailing stop | ||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Chinese, English, French, German, Russian, Spanish | Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish |
🚪 Open Account | Open Swissquote | Open eToro |
Compare Again
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Swissquote provides their pricing with Fixed spread while eToro offers Fixed spread.
Swissquote vs eToro: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Swissquote enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days). The offer is supported with Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, eToro provides trading with eToro Platform, eToro Mobile Trader with the support of Mobile trading, One-click trading.
Is Swissquote or eToro better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Swissquote supports trading with Forex, Gold & silver, CFD, Options, Cryptocurrencies, Stocks, Indexes, while eToro presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Indexes, Soft commodities, Metals, ETF, Cryptocurrencies.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Swissquote and eToro:
- Compare Swissquote vs easyMarkets
- Compare Swissquote vs Orbex
- Compare Swissquote vs Axi
- Compare eToro vs IC Markets
- Compare eToro vs Monex Investindo Futures
- Compare eToro vs ActivTrades
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